Best 10 Year Annuity Rate

The best 10-year annuity rate frequently delivers the most dramatic adjacent-term rate recovery on the MYGA yield curve. Where the nine-year term sits in a deep valley, the ten-year commonly jumps well above it in exchange for twelve additional months of commitment — and that step is often the largest single adjacent-term rate increase anywhere across the one-to-ten-year spectrum. Size it against your own deposit: subtract the nine-year rate from the ten-year rate, multiply by your premium, and multiply by ten. For buyers who evaluated the nine-year and found its rate insufficient given the commitment length, the ten-year frequently represents a genuine improvement that rewards the additional year, which is rare at this end of a curve where most extra commitment either penalizes or barely compensates. The ten-year rate also frequently matches or approaches the seven-year, so compare those two directly as well — where they land at the same level, buyers are choosing between identical declared rates with either thirty-six fewer or thirty-six more months of surrender exposure. What the ten-year typically does not do is exceed the five-year, which usually holds the peak of the entire spectrum. Within the longer-commitment tier, though, the ten-year often represents the best rate available. Verify each of these relationships against the current figures rather than assuming, since the shape of the curve moves as carriers reprice. For the complete context of how the MYGA rate environment is shaped across all terms, our highest guaranteed annuity rates resource provides the full spectrum analysis.

The 10-year MYGA table has two characteristics that distinguish it from every shorter term. First, penalty-free access is frequently absent across the entire tier — it is common for every carrier in the table to show “None,” which makes this the one term where the withdrawal column may offer no options at all rather than a range of them. Read that column before anything else, because if it is uniformly zero, the decision you are making is materially different from the one you would make at a shorter term. A-rated 10-year MYGAs carrying penalty-free provisions do exist and are available through us at modestly lower declared rates, but they will not appear among the rate leaders. Second, the tier is frequently composed entirely of B-range carriers, with no investment-grade names among the top declared rates at all. That contrasts sharply with the eight-year and nine-year tiers, where A-rated carriers often appear in force and sometimes lead outright. The driver is the ten-year bond market: smaller carriers pursuing yield compete most aggressively for long-duration premium at this specific point on the curve, and larger investment-grade carriers generally do not match them. For the comprehensive framework on annuity value and whether the 10-year commitment structure fits your planning, our resource on whether annuities are worth it and the annuity rescue plan provide the decision context for buyers repositioning existing contracts or making initial MYGA selections.

The 10-year MYGA’s 120-month commitment creates planning questions that shorter terms do not. A buyer who commits here is locking guaranteed accumulation across a decade — a horizon spanning roughly half the length of a typical retirement. The buyers who make the most strategic use of this term are those who can answer two questions affirmatively. Do I genuinely not need access to this capital for ten full years? And does the maturity date represent a meaningful anchor in my retirement timeline — a point when a specific financial decision, income strategy, or legacy goal comes into focus? For buyers with a genuine ten-year horizon, the rate-lock value can be substantial, particularly if the rate environment softens over the following years and leaves buyers without a long lock scrambling to replace yield at lower declared rates. Understanding the market value adjustment mechanism at this term is equally important: across 120 months, interest rates can move substantially, and the adjustment’s impact on any mid-term excess withdrawal can be meaningful in either direction. Our resource on annuity surrender charges explained covers the full interaction between 10-year surrender schedules and MVA provisions before any commitment decision.

What Is a 10-Year Fixed Annuity — And What a Full Decade of Commitment Provides

A 10-year fixed annuity (MYGA) declares a guaranteed interest rate at issuance and applies it to the full accumulation value for exactly 120 months. The declared rate is contractually locked — the carrier cannot reduce it during the term regardless of market conditions, monetary policy changes, interest rate movements, or any other external factor. Principal is fully protected from any market loss throughout the 120-month period. Interest compounds tax-deferred without generating an annual 1099 for non-qualified money. At the end of month 120, a maturity window opens — typically 30 days — during which the buyer can withdraw the full accumulated value penalty-free, renew at then-current rates, or convert to a different structure. The maturity value is knowable to the dollar on the day you sign: compound your deposit at the declared rate across ten years and that is precisely what the contract pays, with zero market exposure throughout. The 10-year commitment is the maximum-duration standard MYGA in the marketplace — the terminal point of the fixed annuity guaranteed accumulation spectrum, and the longest commitment a conservative saver can make inside a structured contractual guarantee.

💰 Best 10-Year Annuity Rates (as of September 2026)

The table below shows the top five 10-year MYGA options with each product’s carrier, AM Best rating, declared rate, and penalty-free withdrawal provision. Read the withdrawal column first at this term, because it frequently reads “None” for every carrier in the tier — and where that is the case, no product in the table offers any mid-term access whatsoever across the full 120 months. That changes the nature of the decision: the comparison becomes rate against carrier rating alone, with liquidity off the table entirely. Note also that the rates at this term often cluster within a narrow band below the leader, which means the gap between the top row and the third or fourth row may be smaller than buyers expect and may not justify a rating difference. A-rated 10-year alternatives carrying penalty-free provisions are available at modestly lower declared rates and will not appear among the rate leaders — request them explicitly if access matters to you. Confirm live quotes for your specific state, age, and deposit amount.

Rates subject to change and may vary by state, age, and deposit size. Where the withdrawal column reads “None,” any mid-term access triggers surrender charges and potentially a Market Value Adjustment. A-rated 10-year MYGA alternatives with penalty-free access provisions are available at modestly lower declared rates. Guarantees backed by the carrier’s claims-paying ability and state guaranty associations within applicable limits.

The Complete MYGA Yield Curve — From 1-Year to 10-Year in August 2026

The 10-year page is the natural endpoint for a complete review of the MYGA rate environment across all standard terms. The table below presents the full rate spectrum — from the one-year minimum to the ten-year maximum — showing the declared rate at each term length, where the peaks and valleys fall, and what pattern of commitment-versus-yield trade-offs buyers face.

The yield curve table above reveals the defining pattern of the MYGA market: it has no traditional longer-equals-more shape. Instead there is a peak in the middle of the range, two valleys separated by a partial recovery, and a second recovery at the long end. The 10-year sits at that final recovery point — a strong rebound from the nine-year valley, though normally still short of the five-year peak. The practical guidance that follows is simple. Buyers who want the absolute highest guaranteed rate should always evaluate the five-year first, regardless of how long they could theoretically commit. Buyers who specifically need a longer commitment should recognize that the ten-year is frequently the best rate available anywhere from six years out, which means skipping past the intervening terms rather than stepping through them. Read the Yield Curve Position column alongside the rates, because the position tells you whether a given term is being rewarded or penalized relative to its neighbours — and that relationship, not the term length itself, is what should drive the selection.

The Rate Recovery — 9-Year to 10-Year, Often the Largest Adjacent-Term Jump

The step from the nine-year to the ten-year is frequently the largest single adjacent-term rate change on the MYGA curve in either direction. What makes it distinctive is not just the size but the direction: it reverses the steepest drop on the curve and then adds further improvement on top, which establishes the ten-year as a genuine recovery point rather than a marginal gain. Compare the two rates directly and multiply the gap by your premium to see the annual difference on your own deposit.

The structural driver is the ten-year investment-grade bond market, where insurance carriers can access long-duration corporate bonds, agency securities, and structured credit at yields that support meaningfully higher declared rates than the nine-year bond market currently sustains with the same efficiency. For buyers who found the nine-year rate unacceptable given its commitment length — a reasonable conclusion — the ten-year frequently provides a rate level that is competitive within the longer-commitment tier. The practical takeaway for anyone who genuinely needs a long commitment is to skip the nine-year and evaluate the ten-year directly, since one additional year of surrender exposure can buy back a substantial rate improvement. Confirm the current relationship on the 9-year page before deciding, since the size of the recovery moves as carriers reprice and the pattern is not guaranteed to persist.

The 10-Year vs. the 7-Year — When the Rates Match, Rate-Lock Duration Decides

The seven-year and ten-year terms frequently land at the same declared rate, and sometimes with the same carrier leading both. Where that happens, buyers comparing the two face a pure planning-horizon decision rather than a rate optimization decision: identical annual guaranteed interest, with the ten-year requiring thirty-six additional months of surrender period. Check whether the rates actually match before treating this as the relevant comparison, because when the seven-year leads, the analysis is straightforward and favours the shorter term on both axes at once.

Where the rates are equal, the only rational argument for the longer term is rate-lock duration. A buyer choosing ten years gains three additional years of protection against a declining rate environment — protection the seven-year buyer forgoes, since they face a reinvestment decision three years sooner at whatever the market offers then, and that future rate is unknowable at purchase. If you are reasonably confident rates will hold up over the coming decade, or if you simply prefer an earlier maturity date for income, legacy, or other planning reasons, the seven-year is the more efficient choice at an identical rate. If you are specifically concerned about a multi-year rate decline, the extended lock has real value even without a rate advantage. That is the entire case for ten years over seven when the rates match — duration of certainty, not level of yield.

Penalty-Free Access at 120 Months — Frequently Zero Across the Entire Tier

The 10-year is the one MYGA term where it is common for every carrier in the table to show zero penalty-free withdrawal. At shorter terms, at least one product normally provides some form of built-in access — a percentage of accumulation value annually, an interest-only allowance, or provisions tied to specific events. At ten years, the rate leaders frequently require full 120-month commitment with no mid-term access at all. Read the withdrawal column before comparing rates, because if it is uniformly zero, liquidity has been removed from the decision entirely rather than being one variable among several.

This is the most important pre-purchase awareness point at this term. Before committing to a zero-access product, confirm with real certainty that you will not need any portion of the principal across the full decade — and treat that as a serious question rather than a formality, because ten years is long enough for circumstances to change substantially. Any withdrawal from a zero-access contract triggers surrender charges, which start high in the early contract years and decline gradually toward zero as maturity approaches, plus a potential Market Value Adjustment that can significantly reduce the value received if rates have risen since issuance. At a 120-month horizon that adjustment has more room to move than at any shorter term, so the combined cost of an early exit is considerably higher than the headline surrender charge alone suggests. Buyers who need any annual access should request the A-rated 10-year alternatives that carry penalty-free provisions, accepting a modestly lower declared rate in exchange — a trade that is almost always worth making if the access is genuinely needed, since a single unplanned surrender will cost far more than the rate concession ever would.

The 10-Year’s Carrier Field — Frequently All B-Range

Unlike the eight-year and nine-year tiers, where investment-grade carriers often appear in force and sometimes lead outright, the 10-year table is frequently composed entirely of B-range carriers with no A-rated names among the highest declared rates at all. The driver is a market dynamic specific to this duration: smaller carriers seeking yield pursue long-term premium aggressively at rate levels that larger investment-grade carriers typically do not match, and the longer the commitment, the more pronounced that difference becomes.

What this means for you depends almost entirely on premium size relative to your state’s guaranty association limit. For a deposit sitting entirely inside that limit, guaranty association protection substantially mitigates the practical significance of the rating difference, and the rate leader becomes correspondingly more attractive. For a deposit above it, the excess rests on the carrier’s own balance sheet for a full decade with no guaranty backstop at any rating level — and ten years is a long time for a carrier’s circumstances to change, since a rating is a point-in-time assessment rather than a guarantee. Buyers in that position should explicitly request A-rated 10-year alternatives and evaluate them alongside the B-range leaders rather than treating the rate-sorted table as the whole market. Verify your own state’s limit, since those figures are set state by state rather than nationally. Carrier-level due diligence is worth doing properly at this term; our carrier profile resource for Columbus Life illustrates the depth of analysis appropriate before committing capital for ten years.

120-Month Tax Deferral — Ten Years Without Annual Taxation

Ten years of uninterrupted tax-deferred compounding creates the most substantial after-tax accumulation advantage of any MYGA term in the spectrum, simply because the deferral chain runs longer than anywhere else. For non-qualified money, 120 months of credited interest accumulate without a single annual 1099 event. Every dollar credited stays fully invested in the contract and earns the declared rate on its full pre-tax value across all ten years. A CD holder, by contrast, pays income tax on each year’s interest and compounds every subsequent year on a base already reduced by those payments — a disadvantage that widens with each passing year rather than staying constant.

To size it on your own numbers, multiply your deposit by the declared rate to get one year of credited interest, multiply that by your marginal tax rate to find what a CD holder would owe annually, and total it across the ten years. That sum is what stays inside the contract compounding rather than leaving as tax payments — and it accrues before you account for the rate difference between the two instruments, which normally favours the annuity as well. Both effects run in the same direction and both compound, which is why a ten-year deferral produces the most compelling net return argument available in any conservative fixed-income comparison, and why the comparison should always be run after tax rather than on headline rates. Our resources on fixed annuities vs. CDs, tax-deferred annuity strategies, and non-qualified annuities provide the complete after-tax mechanics across different tax bracket scenarios.

The 10-Year as the Anchor in a Long-Horizon Ladder

In a fixed annuity ladder, the 10-year MYGA functions as the ultimate long anchor — the commitment creating the furthest maturity point in any standard configuration while capturing the best rate generally available at the long end of the spectrum. A practical 5-7-10 ladder on $300,000 might allocate $100,000 each to a five-year, seven-year, and ten-year contract, with maturities falling at sixty, eighty-four, and one hundred twenty months. That produces three independent decision points across a full decade.

The ten-year rung’s contribution is duration rather than yield. It will not normally be the ladder’s highest-earning rung — the five-year usually holds that position — but it extends the guaranteed rate lock to the furthest maturity date, which is useful for the portion of a conservative allocation that can genuinely be committed for ten years. One design point specific to the current shape of the curve: because the nine-year frequently sits in a deep valley while the ten-year recovers, a ladder reaching past eight years is usually better served jumping directly to ten than stepping through nine. Check the rates at each rung before finalizing rather than assuming a smooth progression, since the peaks and valleys mean adjacent terms can differ more than terms three years apart. The full ladder analysis is covered in our fixed annuity ladder strategy resource.

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